Netmarble announced on Jan. 22 that it ranked fifth in terms of sales among global mobile game producers last year.The Korean game company came after Tencent, NetEase, Activision Blizzard and Bandai Namco, according to a ranking released by mobile app market analysis website App Annie on Jan. 18.Net
The ruling and opposition parties failed to reach an agreement on a special bill on direct (Internet-only) banks, which involves the easing of the banking-commerce separation. As a result, the bill is unlikely to be passed in the plenary session of the National Assembly on Aug. 30.When it comes to i
South Korea’s foreign direct investment (FDI) fell by approximately 30% in the first quarter of this year as South Korean companies refrained from undertaking M&As amid negative investor sentiment.The Ministry of Strategy & Finance announced on June 12 that remittances from South Korea for FDI purpo
The partnership of Bang Jun-hyuk, the chairman of Netmarble and Bang Shi-hyuk, the CEO of Big Hit Entertainment, is drawing attention of the game and entertainment industry.Netmarble recently announced that it would invest 201.4 billion won in Big Hit Entertainment, secure 25.71% (448,882 shares), a
The leading contributor to the revival of Korea’s creative content industry is games. According to the Korea Creative Content Agency (KOCCA), the revenue of the game industry last year was 12.24 trillion won, a 12.4% rise from the same period last year. Game exports amounted to 3.9 trillion won, acc